Archive | October, 2013

South Florida home prices and sales rose in September

31 Oct

South Florida Home Prices

BIG September:

Currently there is a shortage of inventory in Miami. Home and condominium buyers are finding a great deal of competition in the current sellers’ market.  Multiple offer scenarios are back as well as properties selling over list price.  However, there are limits and we are seeing some sellers price their properties well over comp value which has not been an effective strategy. Properties that are priced in line with current trends are selling but the properties priced well above market are becoming stagnant and buyers are taking note.

Although we may be in a sellers market, buyers have become much more informed as their access to information has dramatically improved via websites such as zillow, trulia realtor.com and floridamoves.com.

We have experienced a great deal of foreign investment here in Miami which has cleared out most of the existing inventory and the demand continues to increase. The Miami Herald recently reported a substantial rise in home prices and sales in September. There were 1,108 closings in single family homes in Miami- Dade and 1,352 closings in condominiums this past month. We are excited to see the changes in South Florida real estate market as we approach the season.

To read more about the change South Florida home prices and sales in September visit the link below

http://www.miamiherald.com/2013/10/21/3702589/broward-existing-home-prices-and.html

To visit my website, click the following link: Danny Hertzberg.

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The Jill’s In the Wall Street Journal

19 Oct

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Congratulations to The Jill’s for their feature in today’s edition of the Wall Street Journal. The WSJ article, The Battle of the Big Deal, highlights Jill Hertzberg’s expertise in the ever changing real estate business. The Jills’ success stems from their personal contact with, and devotion to their clients, as well as their ever growing international database of high net worth clients, which dates back over 20 years. I am so proud of my mom and Jill Eber, congratulations again!

October 18, 2013

Versace! Versace! Versace!

5 Oct
The Jills recently marketed and held an auction for the sale
of Miami’s famed Versace Mansion.  On September 17, 2013
the bidding took place at the Versace property under a tent set in
front of the stunning mosaic-tiled pool lined in 24k gold.
There were three primary bidders present at the auction;
Palm Beach club owner Glenn Straubthe, Joe Nakash who is
chairman of Jordache Enterprises, and Eric Trump representing
his father Donald and the Trump brand.

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The energy was high as the competing bids volleyed back
and forth toward an intense last moment before Nakash
took the auction.  Going Once! Going Twice! Sold!  When the
gavel went down the entire Nakash party jumped up in celebration.
 The Versace Mansion sold for an unbelievable $41.5 million dollars.
It was an epic sale that was covered all over the world.
The Versace mansion is truly a gem of a property.  As a
potential single family home, the Versace mansion sale
broke the recent Miami Beach record of Alex Rodriguez’s
$30 million dollar sale on North Bay Road.

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What’s next for for such an iconic property?

The Nakash family owns the Hotel Victor that is located next
door to the Versace Mansion and may turn it into a luxury
boutique hotel or high end retail.  It will be exciting to see
what they do there, hopefully they preserve the
unique character of the property while finding a new
use for it. It was truly a once in a lifetime opportunity to
participate in such a historic sale. Our team is grateful
for all of the support we have received and wish the
new owners all the very best!
In the spirit of Versace press play below!
DH
 
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